John Hines

6:16 pm
Mon March 5, 2012

Coal Valuation Bill Dies

A bill that would have changed the way the coal industry is taxed has died after the sponsor removed the bill from consideration.   Senate Revenue Committee Chairman John Hines says that’s because the bill would cost the state too much money.

“It showed a loss to the state of originally several million dollars,” says Hines. “So we had worked on it the whole time as  being revenue neutral, and with the thoughts this year that our income is going to be down in the future there is a lot of concern about reducing the coal income which is one of our major sources of income.”

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